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Here’s a quick rundown on deflation's definition: Deflation is the term economists use for a sustained period of dropping prices. Intuitively, it’s the opposite of inflation.

The U.S. economy has experienced many recessions but only one major depression. 32 The number of recessions that the U.S. experienced from 1850 to 2007, according to the National Bureau of ...

Though some people claim two consecutive quarters of GDP decline constitutes a recession, that's not the official definition in the U.S.

Official Recession Definition. During a recession, the economy struggles, people lose work, companies make fewer sales and the country’s overall economic output declines.

A Goldilocks economy has steady economic growth, that prevents a recession but not so much growth that inflation rises by too much. It's an ideal state for an economy.

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

Though some people claim two consecutive quarters of GDP decline constitutes a recession, that's not the official definition in the U.S.

Though some people claim two consecutive quarters of GDP decline constitutes a recession, that's not the official definition in the U.S.

Though some people claim two consecutive quarters of GDP decline constitutes a recession, that's not the official definition in the U.S.

Though some people claim two consecutive quarters of GDP decline constitutes a recession, that's not the official definition in the U.S.

Though some people claim two consecutive quarters of GDP decline constitutes a recession, that's not the official definition in the U.S.